The yields on Greek bonds, mirroring other Eurozone members’ bonds, continued to rise on Friday, following the release of the latest mushrooming inflation figures.
The Greek 10-year bond was moving higher by almost 10 basis points (up by as much as 1.51 percent in the day’s trading) to post the highest spread since May 2020.
The trend of higher yields on sovereign debt, throughout the Eurozone, is also linked, in Athens’ case, to estimates of a pending debut of a Greek bond issue in the next two weeks.
The yield for the Greek 10-year bond reached an all-time low last August, dropping to 0.53 percent, meaning that compared to Friday’s prices, Greece’s cost for borrowing for 10 years increased by an eyebrow-raising 284 percent, and despite the fact that Greek titles remain under the ECB’s umbrella.
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